Probably this is the first election in India where several nations are involved or closely watching. If the words of PM Modi are supposed to be true, then the Congress party had given supari to the rogue nation Pakistan to eliminate PM Modi. This theory even strengthened after former Prime Minister Manmohan Singh revealed that Congress leaders secretly met Pakistan delegates.
But now, another nation has entered the scenes of Gujarat elections. It is none other the nation which was defeated by PM Modi in Doklam conflict i.e. China. This nation believes not just India’s development will be halted but even China will face adverse effects if PM Modi led BJP loses in Gujarat.
This surprising information was revealed by none other than “The Global Times” a daily Chinese tabloid newspaper. Global Times also praised the Gujarat model of PM Modi and said that GST and “Make in India” has contributed towards Indian economy.
The major points mentioned by it is presented below!!!
- If the BJP wins an overwhelming victory in Gujarat, the Modi administration may take more radical approaches to economic reform. China’s companies will feel the changes no later than India’s.
- China is witnessing a boom in outbound investment, with direct investment to India in 2016 reportedly many times higher than the year before. The outlook for India’s economic reforms is deeply related to a good number of Chinese companies doing business in India such as Xiaomi and OPPO.
- However, if viewed from another angle, a loss for the BJP in Gujarat would be the biggest setback yet for the economic reforms initiated by the Modi administration. It’s possible that voters in other Indian states might be influenced by a BJP loss in Gujarat and Modi’s economic reforms might then be abandoned halfway due to a possible domino effect.
- Modi’s reforms have drawn fierce opposition from other parties and some economists, but those most qualified to evaluate the “Gujarat model” are the people of Gujarat.
- Whatever the election result is, it will have a great impact on the public opinion environment for the implementation of the rest of Modi’s reform agenda.
- Even if the BJP wins the election but loses a chunk of its hefty majority in the state, the prospects for India’s reforms may be clouded. Growing market fears of a possible setback for the BJP in Gujarat reflect a flaw in India’s economic reforms: People doubt that the reforms can bring enough benefits to the country’s small businesses and ordinary people. The government must find a way to make the reforms gain public support.
- China should take a close look at the BJP’s Gujarat campaign. Companies doing business in India should prepare for possible changes in economic policy over the long run and possible volatility in India’s financial markets next week after the results are announced.
China has been following the Gujarat elections very closely and had also reported the first phase of Gujarat elections. “India’s ruling Bhartiya Janta Party (BJP) has been governing the state since 1998. Gujarat is the home state of Indian Prime Minister Narendra Modi. Modi has served as chief minister of the state for over 12 years”. This was how it stressed on PM Modi.